Business
IBM Launches ‘Blockchain World Wire’ – A Global Payments Network
World Wire is the newest addition to IBM's long list of blockchain projects
On March 18, 2019, IBM announced “Blockchain World Wire” cementing the technology companies ever growing foray into blockchain technology. Unlike many blockchain startups, IBM has decades of experience and a near $200 billion-dollar valuation behind it.
IBM Blockchain World Wire is a real-time global payments network which uses cryptocurrency stable coins for cross border transfers. The new network, says IBM, already supports Stellar Lumens and a US dollar backed stablecoin developed through IBM’s partnership with Stronghold.
The payments network, like other similar blockchain-based projects, aims to improve the speed and efficiency of payments and transfers between countries, organizations and individuals and is aimed at banks and financial institutions. In its press release, IBM describes World Wire as the “first blockchain of its kind to integrate payment messaging, clearing and settlement on a single unified network, while allowing participants to dynamically choose from a variety of digital assets for settlement.”
Marie Wieck, General Manager at IBM Blockchain, explained:
“We’ve created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most. By creating a network where financial institutions support multiple digital assets, we expect to spur innovation and improve financial inclusion worldwide.”
World Wire has already been used across 72 countries, with 47 currencies, and for 44 banking endpoints. “Pending regulatory approvals” six banks have signed letters of intent to use IBM’s network to issue their own stablecoins. The banks include Banco Bradesco, Bank Busan, and Rizal Commercial Banking Corporation (RCBC), and their participation means that Euro, Indonesian Rupiah, Philippine Peso, Korean Won, and Brazilian Real backed stablecoins will join the network.
IBM – The Leading Enterprise Blockchain Provider?
IBM itself says it has worked on blockchain projects, networks, and applications, since 2016. It was an early member of the Hyperledger collaboration aimed at creating open-source cross-industry blockchain technology. IBM already has its own cloud-based blockchain platform to allow companies to easily create and manage their networks using IBM’s technology.
In another recent high-level partnership for IBM, it has partnered with CULedger, a consortium of credit unions. This consortium plans to use blockchain technology for a better audit trail within a $1.7 trillion credit union industry. It would create a digital identity ecosystem for credit unions and members aiding regulatory compliance and know-your-customer (KYC) practices.
IBM also has a partnership with shipping company Maersk. This partnership created the blockchain-enabled shipping solution TradeLens to improve efficiency within global trade. As early as August 2018, 94 organisations had agreed to participate in TradeLens. After an early adopter program, TradeLens became commercially available at the end of 2018 boasting over 60 network members including eight customs authorities.
Walmart and Dole have adopted IBM’s Food Trust, a platform for supply chain visibility and accountability. It’s a further example of IBM’s growing blockchain proposition. One that is powered by IBM’s already extensive technological reach.
IBM is not without competitors. In blockchain-based payments, Ripple is also hoping to bring blockchain-based cross-border payments to the globe. Microsoft and Amazon Web Services are also progressing their cloud-based enterprise blockchain platforms.
Arguably, IBM could already be dominating the enterprise blockchain arena. A Deloitte 2018 report reveals that up to 95% of companies are seriously looking at blockchain. Many may be attracted by established technology providers like IBM and others. This can allow the technology giants to further infiltrate this new sector.
It’s unpreventable and largely anticipated that such giants like IBM would want to get ahead in a new technological space. Some might argue that this could push out the smaller companies and independent developers where blockchain technology originated. And that perhaps, hugely centralised organizations taking hold in a blockchain marketplace goes against the core of blockchain’s original decentralized ethos. On the flip side of this, for wider blockchain adoption to occur, perhaps the impetus and influence of larger companies are needed to propel widespread use.
Your style is very unique compared to other folks I have read stuff from. Thank you for posting when you’ve got the opportunity, Guess I will just bookmark this blog.
As it stands now, the speed and simplicity of online video poker makes it popular with brand-new Internet casino gamblers as well as veterans. The low cost of entry which attracted the first video poker players back in the 1970s is still present today, and the current state of online video poker legality in most countries provides immediate and instant access from any smartphone, tablet, or computer with an Internet connection. vs. average for the Games category, $, by region That really depends on you. We like apps because they allow us to play in offline mode…but we also like playing video poker on mobile, as it gives us a little more flexibility, and takes up less space on our phones. Our newsletter contains the latest no deposit bonus info and codes
http://www.ksys.co.kr/bbs/board.php?bo_table=free&wr_id=30490
They have a total of six different Dragon Link machines. They are located on the casino floor near the main entrance. Dragon Link’s grand jackpot is a linked progressive, while standalone jackpots give players a chance to win smaller-sized progressives more quickly and often. Dragon Link is a high volatility game with a high feature frequency. A bank of four is likely to have at least one machine in bonus mode every one minute. No, these games have not yet made it to online casinos and are not available on the web in demo mode either. The only place you can play them is in live casinos throughout NZ and around the world. Aristocrat has a great track record of transitioning their pokies online – so hopefully the Dragon Link games will appear for real money at online casinos soon. Online Casino Free Money No Deposit Uk – Online Slot Machines: Read Reviews or Play Slots
Best flight ever !
Pragmatic Play created Gems Bonanza with full optimisation to ensure inclusion for all gamers. It does not limit those playing on mobile devices since it is fully compatible without using an app. Any device can access the game provided it can connect to the internet with no app download requirements. Pragmatic released Gems Bonanza on 01 10 2020. With a high volatility, it has a maximum win of 10000. If you would like a review for Gems Bonanza, let us know in the feedback section! Gems Bonanza slots free will help you understand how to activate all the bonus functions in practice, even without making a game deposit. Gems Bonanza slot demo is available on our website at any time, you can play on mobile or personal computer. Arshi Ahmed graduated from Sri Shikshayatan College in Calcutta. And later, she also completed postgraduate studies in high technology and digital marketing at Lovely Professional University. She specializes in writing about gaming in real casinos, as only there is an unforgettable atmosphere of players’ emotions of massive wins and losses. Arshi understands how important it is to help new players understand the rules of table card games and live casino games with real dealers and real croupiers. Her recent interests include taking a closer look at games with spinning wheels of fortune, such as Sweet Bonanza Candyland from Pragmatic Play.
http://www.irken.co.kr/bbs/board.php?bo_table=free&wr_id=457568
With a poker no deposit bonus, you can get started in the exciting world of online poker without putting any of your own money at risk. The leading no deposit bonus poker rooms extend this kind of promotion to attract new players who might otherwise head elsewhere. Here at ProfessionalRakeback, we have done the work of identifying the best no deposit poker bonuses for our readers in the United States. The client software at Betfair is arguably the most straightforward in the industry. There aren’t a lot of bells and whistles or fancy backgrounds. Instead, Betfair utilizes a streamlined look. It’s just you and the cards, which can be a positive environment for focusing on the game of poker. The lack of artsy software is one of the lone knocks on Betfair by poker players, but our staff can do without avatars and other distracting features.
Ltqdde – furosemidelasixx.com Kpiath tlyxal
This is very interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your excellent post. Also, I’ve shared your site in my social networks!
Great info! Keep post great articles.
I concur with your conclusions and will eagerly look forward to your future updates. The usefulness and significance is overwhelming and has been invaluable to me!
Is it okay to put a portion of this on my weblog if perhaps I post a reference point to this web page?
Nice blog here! Also your web site loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as fast as yours lol